For year 2022, Stephanie Corp had $90 million in pretax accounting income. This included warranty expense of $8 million and $30 million in depreciation expense. For tax purpose, $2 million of warranty costs actually paid in 2022 was deducted. Tax depreciation amounted to $45 million. In the absence of other temporary or permanent differences, what was Stephanie Corp's taxable income?

1. $99 million

2. 69 million

3. 111 million

4. 81 million